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REVS Founder & CEO David Aaronson spoke on Multifamily Leadership's Innovation Show podcast. David, having previously spent decades working within real estate, explains how REVS now aims to help the multi-family real estate industry adapt to the surge of electrical vehicles.
In This Episode
Patrick and David discuss the following:
- What car companies are doing in regards to electric cars
- How adding electric vehicle (EV) charging is different for existing properties versus properties that are in development
- How the lifespan of a multifamily property affects how it needs to prepare for the EV shift
- What the percentage of electric cars on a property is likely to be in the next 5, 10, and 20 years
- Why multifamily property owners should be jumping to have EV charging stations installed
- How a property can add another stream of revenue instead of just raising rents to make a return on investment (it’s like adding a gas station onto your property!)
- What types of charging stations make sense for multifamily properties based on their situation
- How many electric vehicles one EV charger could potentially service
- How to easily have your property checked for the feasibility of EV charging based on your electrical infrastructure
- Why not having EV charging stations will hurt in ways you can’t see
- If no one asks about charging stations, it doesn’t mean there’s no demand. It means they’re looking online first
- How having residents pay to charge increases their satisfaction and reduces the number of charging stations needed
- What REVS is doing to prevent EV charging stations from being a burden on the operator’s team
- What the ROI looks like for EV charging stations on a multifamily property